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Fear Of Giving Back Profits
Trading works with profit and loss both, and when we intervene in the natural law of probabilities, we end up losing by trying to minimize giving back the profit attained.
Having a clear trading plan makes us refrain from taking rash on-the-spot decisions based out of fear.
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MORE IDEAS FROM THE SAME ARTICLE
- Loss aversion is second nature to most of us, as people prefer to avoid losses as opposed to acquiring a profit.
- Traders fearing loss hesitate to cut their trades and also to execute it when the time comes. This hesitation makes one miss profitable...
The trading graph provides us with enticing opportunities which can make us act impulsively or over-optimistically, leading to huge losses at the end.
If you miss a golden chance to mint instant money, the wise thing is to let it go. Ups and downs happen all the time in th...
The most common fear is the fear of the unknown, where uncertainty and lack of knowledge of the forces at play can lead to a feeling of gambling away one’s money.
This fear can be overcome by expanding one’s knowledge about trading by taking a course or reading relevant b...
Trading of stocks and bonds has many variables and the uncertainty can lead to fear and anxiety. Fear is the biggest hurdle to overcome in this otherwise lucrative way to earn money.
Knowing about fear and how to overcome it can be beneficial for the newbie.
We are hardwired to be right and are awarded throughout our life pursuing what is right while being punished if we are wrong. From an early age, we learn to avoid the embarrassment of being wrong.
Trading success does not rely on one being right all the time or ev...
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This is on the higher side, with only about 20 per cent traders being consistently in the black.
This low rate of success in trading is due to many factors, knowing about which can help a trader avoid certain pitfalls.
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- Make a cryptocurrency brokerage account. Coinbase, Gemini and eToro are good crypto brokerages.
- Fund your account. Connect it to your bank account. Most crypto brokerages offer bank funding through debit cards and wire transfers.
- Pi...
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HEIKIN - Average, ASHI - Pace
Heikin Ashi pattern represents the average pace of the prices. These patterns are useful for getting an idea of the price trend.
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